Sigma Capital, a global Web3-focused early-stage venture asset manager, has announced the launch of its $100 million Sigma Capital Fund I. The fund supports early-stage Web3 startups, liquid token investments, and fund-of-fund allocations, accelerating the next wave of blockchain and cryptocurrency innovation in the Middle East and globally.
Focused on the Future of Web3
Sigma Capital Fund I will target high-impact sectors within the Web3 ecosystem, including:
- Decentralized Finance (DeFi)
- Blockchain Infrastructure
- Real-World Asset Tokenization
- Gaming
- The Metaverse
In addition to early-stage investments, Sigma Capital will actively manage a portfolio of liquid tokens to generate consistent returns and employ high-yield DeFi strategies to optimize its overall performance.
Vineet Budki, a recognized leader in the Web3 space and the former CEO of Cypher Capital, will lead Sigma Capital as CEO and Managing Partner. Budki has an impressive track record, having spearheaded over 300 investments in ventures such as Mysten Labs, Sei Network, Casper Labs, and Web3Auth.
“We envision a digital economy that is more open, inclusive, and innovative,” said Vineet Budki.
“The UAE’s dynamic economy and forward-thinking regulatory environment provide the perfect backdrop for Web3’s next wave of innovation. Sigma Capital Fund I will empower startups with capital, equip them with access to Sigma Capital’s extensive network, and enable them to thrive in the rapidly evolving Web3 landscape.”
A Strategic Approach to Web3 Growth
Sigma Capital plans to deploy the fund’s resources across:
- 100 early-stage projects
- 25 liquid tokens
- 10 fund-of-fund allocations
Over the next three years, the firm aims to capitalize on its global network to provide portfolio companies with access to key exchanges, market makers, launchpads, and industry leaders.
Sandeep Naliwal, founder of Polygon Technology, expressed his confidence in the fund’s potential:
“Vineet’s track record as a visionary leader in Web3 speaks for itself. The launch of Sigma Capital’s $100 million fund is a testament to Vineet’s expertise and to the UAE’s emergence as a global hub for blockchain innovation. I have no doubt this fund will catalyse the next wave of groundbreaking startups and solidify the region’s role in the decentralised economy.”
A Global Network with Regional Strength
With offices in Dubai, Singapore, and the Cayman Islands, Sigma Capital combines its global reach with a strong compliance framework to ensure sustainable growth. The firm will collaborate with Web3 hubs in 10 global cities, offering portfolio companies insights and support to succeed in competitive markets.
Sigma Capital’s partnerships include investments and collaborations with key blockchain players such as Polygon Technology, Morningstar Ventures, and Woodstock Fund.
UAE: The Emerging Web3 Global Hub
The launch of Sigma Capital Fund I underscores the UAE’s growing influence as a global epicenter for blockchain innovation and institutional investment. The fund aligns with the UAE’s strategic vision of becoming a leader in the decentralized economy, fostering transformative technologies in finance and beyond.
